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CPR Invest - Global Lifestyles - F USD - Acc ISIN : LU1989768228

CPR Invest - Global Lifestyles - F USD - Acc
F(C) - LU1989768228
Asset class: Equities
YTD
As of 26/08/2026
1.29%
Risk IndicatorThe level of risk of the fund mainly reflects the risk of the market in which the fund is invested and, as the case may be, the leveraging strategy or inverse performance of the index. The capital initially invested does not benefit from any guarantee. The current level of risk does not indicate the future level of risk and may change over time. The lowest risk level is not equal to a risk-free investment.
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The risk indicator assumes you keep the product according to the holding period.
NAV
As of 26/08/2026
$118.97
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 26/08/2026
$446.70M

The Compartment’s objective is to outperform the MSCI World (dividend reinvested) index over a long-term period (minimum of five years) by investing in international equities involved in the consumption related to individual self-fulfillment and well-being.

NAVs

NAV from 10/16/2020 to 08/26/2026
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Created with Highcharts 11.4.8CPR Invest - Global Lifestyles - F USD - AccJan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26708090100110120130

Performance

Change in NAV in base 100
FundCPR Invest - Global Lifestyles - F USD - Acc (77.96% over the period)
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Created with Highcharts 11.4.8ABCPR Invest - Global Lifestyles - F USD - AccBenchmarkJul '17Jul '18Jul '19Jul '20Jul '21Jul '22Jul '23Jul '24Jul '25Jul '2650100150200250300350400
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Lifestyles - FU (C) absorbed by CPR Invest - Global Lifestyles - F USD - Acc on Oct 16, 2020. CPR Invest - Global Lifestyles - F USD - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Lifestyles - F USD (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Lifestyles - F USD - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Global Lifestyles - F USD - Acc (77.96% over the period)
Select period
Created with Highcharts 11.4.8ABCPR Invest - Global Lifestyles - F USD - AccBenchmarkJul '17Jul '18Jul '19Jul '20Jul '21Jul '22Jul '23Jul '24Jul '25Jul '2650100150200250300350400
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Lifestyles - FU (C) absorbed by CPR Invest - Global Lifestyles - F USD - Acc on Oct 16, 2020. CPR Invest - Global Lifestyles - F USD - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Lifestyles - F USD (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Lifestyles - F USD - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.

Portfolio Analysis

Repartition 07/31/2026
Sector allocationMain Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Created with Highcharts 11.4.8Values27.25​27.2523.64​23.6415.12​15.1213.07​13.079.62​9.626.71​6.713.34​3.348.70​8.7029.10​29.1016.89​16.897.81​7.815.15​5.159.28​9.2811.43​11.43PortfolioBenchmark02468101214161820222426283032Consumer DiscretionaryInformation TechnologyFinancialsCommunication ServicesConsumer StaplesHealth CareIndustrialsHighcharts.com

Management commentary

Effective date: 31/07/2026July 2026 was shaped by the resurgence of hostilities between Iran and the United States. This led Brent crude oil to rally by 22%, peaking at $100 per barrel before easing slightly toward month-end to $89. Bond markets also came under pressure, with US 10-year Treasury yields ending the month at 4.71%.
Against this backdrop, equity markets delivered a mixed performance. The US market was broadly flat, down just 0.1%, while the Euro Stoxx 600 gained 1.2% and the Nikkei fell 8%. The month was marked by a clear sector rotation, with technology underperforming (-4.7%, including -14% for semiconductors) and capital moving toward financials (+5.8%, particularly less cyclical insurers) and more defensive areas such as consumer staples (+1.8%).
Within technology, investor sentiment diverged sharply amid concerns over a potential slowdown in AI-related demand, doubts about profitability, and the ability to finance extremely large investment programs. Microsoft (+23.8%) and Amazon (+13%) reassured the market, while Alphabet (-1%) and Meta (-1.8%) lagged.
In this context, the fund rose by 0.4%, (A share net of fees) compared with a 0.12% decline in the MSCI World, resulting in 50 basis points of outperformance.
In cyclical consumer names, the relative performance benefited from the rebound in our Chinese exposures, which were sought after in July following the weakness in US technology stocks. BYD (+29%) stood out, with export volumes outperforming domestic activity for the first time, while Alibaba (+22%) benefited from progress in Chinese AI.
Among the other positive contributors:
  • the travel segment showed strong resilience, with Booking (+7%) and Royal Caribbean (+7%);
  • Burlington (+16%) benefited from expectations of earnings growth of around 20% per year, supported by improved store productivity, new openings, and broader assortment diversification into categories such as beauty and home;
  • Amazon (+15.7%) was driven by a 37% increase in AWS (cloud activity). Management reassured investors on the strength of underlying demand, supporting higher capital expenditure plans, with AWS orders reaching $496 billion and potential medium-term opportunity estimated at $1 trillion, around five times current levels.
  • Tesla (-26%, underweight in the fund) reported results well below expectations, with operating profit down 57%, particularly in the automotive segment due to the end of US credits and rising competition in China. Higher investment in robotaxis, humanoids, and AI, further increased uncertainty around returns on capital.
Communication services also contributed positively, supported by Spotify (+8%) and Tencent (+8%), the latter benefiting from a rotation out of US technology stocks as well as resilient gaming revenues and WeChat-related services.
The relative performance was negatively impacted by energy, following the rebound in oil prices; financials (underweight positions on insurers (strong performance +6%); and consumer staples, with Danone down nearly 6% as it struggled to benefit from the momentum in the high-protein yogurt segment in the United States.
Portfolio Moves
We took profits in Richemont following very strong results, which are however already reflected in the current valuation, now at an all-time high of 27x forward earnings.
We began reducing our exposure to French equities in anticipation of the negative market perception likely to build ahead of the 2027 elections.
We increased our exposure to Ferrari, whose pricing power and product launch pipeline support growth above the group’s conservative guidance set at its Investor Day in November 2025.
Outlook
We remain disciplined and selective in our thematic consumer exposure, favoring experiences, travel, and premium consumption, while diversifying the portfolio toward other market segments such as financials with exposure to consumer credit.
In a concentrated market still dominated by AI, we remain attentive to valuation risk and interest-rate sensitivity, and continue to favour balance sheet quality and the ability to defend margins.
 

Characteristics

General data

Inception date
16/10/2020
First Nav Date
28/08/2007
Currency
USD
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Valuation
Daily
Minimum initial investment
1 10/1000° share(s)/equity
Minimum additional investment
1 10/1000° share(s)/equity

Costs Composition

One-off costs upon entry or exit (Investment USD 10,000)If you exit after 1 year
Entry costsWe do not charge an entry fee for this product.$0
Exit costsWe do not charge an exit fee for this product, but the person selling you the product may do so.$0.00
Ongoing costs taken each year (Investment USD 10,000)
Management fees and other administrative or operating costs2.89% of the value of your investment per year. This percentage is based on actual costs over the last year.$289.20
Transaction costs0.44% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.$43.98
Incidental costs taken under specific conditions (Investment USD 10,000)
Performance fees

15.00% annual outperformance of the reference asset 15% of the difference between the net assets of the Share Class and the Reference Asset. Performance indicator : MSCI World Net Return. ESMA methodology since 01/01/2022. The calculation applies on each Net Asset Value calculation date in accordance with the terms described in the prospectus. Past underperformances over the last 5 years should be clawed back before any new accrual of performance fee.The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years.

The performance fee is paid even if the performance of the share over the performance observation period is negative, while remaining higher than the performance of the Reference Asset.

$0.00

Codification

ISIN code
LU1989768228
Bloomberg code
Reuters code

Investment Objective

The Compartment’s objective is to outperform the MSCI World (dividend reinvested) index over a long-term period (minimum of five years) by investing in international equities involved in the consumption related to individual self-fulfillment and well-being.

Documents

LanguageDocumentsTypeClosing Date
FR
PDF
18/12/2025
PDF
31/07/2025
PDF
07/05/2026
PDF
31/01/2026
FR
PDF
03/12/2025
FR
PDF
31/07/2025
FR
PDF
26/10/2016
This site does not constitute in any way a solicitation or an offer to buy or sell securities. The information it contains is intended to inform the subscriber by supplementing certain financial characteristics of the OPC appearing in the Key Information Document (KID PRIIPs) or in the prospectus. As a result, this information is inevitably partial and is subject to change. The KID PRIIPs or the prospectus must be offered to subscribers prior to subscription, provided upon subscription and made available to the public upon request, as well as the latest financial statements available.
Data relating to past performance does not take into account any entry fees and exit fees on subscriptions and redemptions of units. These fees may impact past performance.
The funds and securities mentioned above are in no way sponsored, recommended or promoted by the sponsor of the reference index or benchmark used. The sponsor of the reference index or benchmark is not legally and legally responsible for the funds, securities, indices or any funds or securities on which these are based.
References of the local representative or paying agent from whom the legal documents are available free of charge: CACEIS Bank France 1-3, place Valhubert 75013 Paris.
© CPR Asset Management 2025
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